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FAE September 2015

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12357…75

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    #122
    Melon head
    Registered Users Posts: 50 ✭✭Melon head


    AAFRP- How are people organising their file(s) for this assessment? Is anybody getting study leave prior to the assessment?


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    #123
    iluvfatfrogs
    Registered Users Posts: 616 ✭✭✭iluvfatfrogs


    Melon head wrote: »
    AAFRP- How are people organising their file(s) for this assessment? Is anybody getting study leave prior to the assessment?

    No study leave - taken 2 days out my time in lieu / annual leave.

    I just have a file with 1 A4 page of key notes from each standard, 1 A4 page of key disclosures and the remaining disclosures tabbed in the book.


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    #124
    Melon head
    Registered Users Posts: 50 ✭✭Melon head


    I am planning to take 3 days( annual leave) I think I will leave my study leave for the summer. My file is in a bit is a mess atm, but was thinking of doing the same as yourself. Need the folder to be as easy accessible as possible on the day, as I would say timing is gonna be an issue


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    #125
    donnem33
    Registered Users Posts: 482 ✭✭donnem33


    Melon head wrote: »
    AAFRP- How are people organising their file(s) for this assessment? Is anybody getting study leave prior to the assessment?

    Taking one day annual leave- find Derry Cotters notes very good!


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    #126
    iluvfatfrogs
    Registered Users Posts: 616 ✭✭✭iluvfatfrogs


    Judging by previous years students advise, it seems very important to attempt a "mock" AAFRP in the weeks leading upto it; completing a full Section 1, 2 & 3 in the 110 mins.

    I'll be doing this the weekend before the AAFRP - should really give you an idea of where you stand


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    #127
    Torres999
    Registered Users Posts: 186 ✭✭Torres999


    Cork Audit Elective time table anyone?


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    #128
    DK92
    Registered Users Posts: 6 ✭DK92


    Could someone tell me if there is an AAFRP workshop in Galway on April 3rd?
    I see it scheduled for the other regions but now galway


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    #129
    prettyrestless
    Registered Users Posts: 444 ✭✭prettyrestless


    I'm taking two days out of annual leave to study for the AAFRP. My file is currently a work in progress but will end up being quite concise. If I bring too much material in, I tend to get bogged down by it all. I'm going to start studying in the evenings and weekends from now on. Hoping to get lots done next week as I'm on block release and won't be stuck in the office!


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    #130
    m1ck007
    Registered Users Posts: 573 ✭✭✭m1ck007


    How many cases have people attempted at this stage? Ive four done.


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    #131
    iluvfatfrogs
    Registered Users Posts: 616 ✭✭✭iluvfatfrogs


    DK92 wrote: »
    Could someone tell me if there is an AAFRP workshop in Galway on April 3rd?
    I see it scheduled for the other regions but now galway

    All Galway students have to travel to Limerick for the AAFRP workshop on Goof Friday.


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    #132
    Torres999
    Registered Users Posts: 186 ✭✭Torres999


    Anybody else repeating the Audit Elective? how much study leave would you need? I thought 2 weeks would be ok until I heard others saying that they are taking 6 weeks for the elective. What's the usual repeat elective study leave?


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    #133
    Cagney87
    Registered Users Posts: 37 ✭Cagney87


    Im taking about 6 wks for repeating the core, no way would you need 6 for the elective in my opinion but I suppose everyones different! If you tip away at it from now ( I know its easier said) you would have a fair idea of the material and then just do questions for the few weeks off.


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    #134
    prettyrestless
    Registered Users Posts: 444 ✭✭prettyrestless


    Why are they only having 3 workshops on Friday?? Could they not have scheduled some on another day in the rest of locations? I can't get to any of the locations on Friday which is really annoying!


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    #135
    damienm321
    Registered Users Posts: 1 ✭damienm321


    Debs23 wrote: »
    Could someone please put the timetable up for Belfast tax elective or PM me it?

    @Debs23 - Hi Debs,

    Not sure if you got sorted with the tax elective timetable - if not, drop me a line and ill email you the timetable - I'm one of the lucky ones getting to do it too!!!

    Cheers

    Damien


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    #136
    m1ck007
    Registered Users Posts: 573 ✭✭✭m1ck007


    Is it just me or are the management accounting cases deadly


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    #137
    sarahmcm90
    Registered Users Posts: 19 ✭sarahmcm90


    Hi all was wondering about doing chartered grind school in the summer. Which would you advise more on doing - Audit or finance & management! has anyone done any of these before?


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    #138
    Abso Bloody Exactly
    Registered Users Posts: 1 ✭Abso Bloody Exactly


    Long time lurker here.

    Wanted to say that one of the 'good' examples in the annotated scripts they released is actually mine. And I failed core still (passed elective). So everyone, be aware that you need to perform consistently across the two exam days. Know a little about everything, not a lot about one thing.

    Strangely, my feedback in the tutorial report was actually not as glowing for the same case study, must have been two different guys here; one who wrote the review for the annotated solutions; one who gave me my tutorial report. I agree with the tutorial report guy though, I don't think that was my best case study on the day.

    I have moved to ACCA in any event, too high stakes to fail this a second time after a masters. Continue to do exams though of course, as we trainees have a glutton for punishment :pac: , appears more fair and independent anyway, good you can do it on a piecemeal basis so hope to get this out of the way soon!! Step by step!

    Best of luck to everyone in AAFRP!


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    #139
    20 Times 20 Times
    Registered Users Posts: 6,220 ✭✭✭20 Times 20 Times


    I'm only repeating the elective - I cant see where these solutions are - can someone pop them up ?


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    #140
    Dellboy2007
    Registered Users Posts: 812 ✭✭✭Dellboy2007


    Same as 20 times, are they not making them available for the elective despite 400 people failing the audit elective alone? Seems a little strange.

    Just want to say to people doing the AAFRP, try to familiarise yourself with the FAE marking scheme. Particularly the colour scheme, an RC in the AAFRP does not mean a yellow. To get a yellow in FR, i.e. to reach the minimum standard of competence, you would have to get a certain amount of C's. This will be determined by FAE board (possibly 2). Obviously if you got 3 C's or above then it would likely be Green. I'm saying this for a few reasons, one being that I know people who have passed and are telling people that an RC is a yellow, that's wrong. Don't listen to them. Secondly, people repeating the core but not repeating the AAFRP even though they got an RC - are you well? That is the most ridiculous thing i've ever heard. Sending a really bad vibe to the institute as well, fair enough if you do enough to get over the line comfortably but if you are borderline... good luck!


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    #141
    20 Times 20 Times
    Registered Users Posts: 6,220 ✭✭✭20 Times 20 Times


    Dellboy2007 wrote: »
    Same as 20 times, are they not making them available for the elective despite 400 people failing the audit elective alone? Seems a little strange.

    Just want to say to people doing the AAFRP, try to familiarise yourself with the FAE marking scheme. Particularly the colour scheme, an RC in the AAFRP does not mean a yellow. To get a yellow in FR, i.e. to reach the minimum standard of competence, you would have to get a certain amount of C's. This will be determined by FAE board (possibly 2). Obviously if you got 3 C's or above then it would likely be Green. I'm saying this for a few reasons, one being that I know people who have passed and are telling people that an RC is a yellow, that's wrong. Don't listen to them. Secondly, people repeating the core but not repeating the AAFRP even though they got an RC - are you well? That is the most ridiculous thing i've ever heard. Sending a really bad vibe to the institute as well, fair enough if you do enough to get over the line comfortably but if you are borderline... good luck!

    Message me your email/work email I will forward it on.


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    #142
    smiley00
    Registered Users Posts: 22 ✭smiley00


    Repeating the audit elective only this year...just wondering if anyone is going to any revision courses? Are they worthwhile?


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    #143
    prettyrestless
    Registered Users Posts: 444 ✭✭prettyrestless


    I got this email yesterday:

    "Dear Student

    Full details including the Exam Instructions are available on the Student Portal "Noticeboard" for the FAE AAFRP assessment which is due to take place on Saturday 25th April from 10am to 11.50am.

    Kind Regards
    Examinations Dept."

    But I can't find the document that they're on about. When I go to the noticeboard on the student site there's just something about a M.Acc programme and CA diary. Could someone help me please?


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    #144
    Debs23
    Registered Users Posts: 155 ✭✭Debs23


    Does anyone know where i can get the 2011 AARFP paper?


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    #145
    Yoyo15
    Registered Users Posts: 7 ✭Yoyo15


    Could anybody post up the solution to the 2014 AAFRP exam? Please :-)


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    #146
    iluvfatfrogs
    Registered Users Posts: 616 ✭✭✭iluvfatfrogs


    Yoyo15 wrote: »
    Could anybody post up the solution to the 2014 AAFRP exam? Please :-)

    PM me your email address and ill send it onto you


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    #147
    Kev1001
    Registered Users Posts: 37 ✭Kev1001


    Are the new FRS standards examinable for the AAFRP?


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    #148
    yourhero
    Registered Users Posts: 53 ✭✭yourhero


    Looking at some of the cases in the Derry Cotter book. On the health first case on P48. Two questions on the solution provided
    1 It refers to a DT liability on revaluation. Haven't seen that before. Should I be including this in determining goodwill?
    2 the NCI calc is based on cost of investment. Can someone else confirm that is wrong please?

    This weather is gonna make for a long summer!


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    #149
    Cagney87
    Registered Users Posts: 37 ✭Cagney87


    Just looking at the question 3.12 in the toolkit. They use proportionate method of calculating goodwill but they say in the question that the NCI paid 1,000,000 for the share? If anyone can help will be much appreciated!


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    #150
    deejer
    Registered Users Posts: 712 ✭✭✭deejer


    Kev1001 wrote: »
    Are the new FRS standards examinable for the AAFRP?

    Just wondering about this myself. Anyone able to confirm?

    Thanks


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    #151
    Debs23
    Registered Users Posts: 155 ✭✭Debs23


    No they are not.

    I email asked the institute and this was there response:
    "Local GAAP (FRS 100 – 102) is not assessable for AAFRP in the 2014/2015 cycle."


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